635 Exchange Spec Suite - Bldg B in Dallas, TX

The 635 Exchange Spec Suite - Bldg B project involves a 3,196 sq ft renovation at 11641 Newberry St, Dallas, TX 75238. This specific unit is situated within a larger warehouse structure in Dallas County. The work is classified as a renovation or alteration, transforming the space into a specialized office environment. The estimated cost for this project is $438,714, which calculates to $137 per square foot. This figure is above the county median of $72 per square foot for similar renovation filings.

The scope of work includes the creation of office space, a conference room, a dedicated workspace, a janitor closet, an IT closet, and four restrooms. The owner of record is PR III CRE 635 Exchange Owner, who also holds TDLR registrations for two other buildings at this location: 635 Exchange Building A and 635 Exchange Building C. LGE DesignBuild serves as the design firm of record, having registered six other projects in the region. Jeffery L Kelley is the registered accessibility specialist for this filing.

Timeline and Status

The project was registered with TDLR in October 2025. Plan review was completed in March 2026. Construction was scheduled to begin in January 2026, with a planned completion date of July 2026. The scheduled build window is 168 days, which is longer than the county median of 92 days. Although the completion date on the filing has passed, TDLR has not yet recorded a final inspection. Therefore, the current state of the site is not confirmed in the public record. The TDLR status remains Review Complete.

The funding source is private, on private land for private use. This project is part of a broader development effort by the owner, with the two adjacent buildings totaling an additional $879,076 in estimated costs. The design firm, LGE DesignBuild, has a portfolio including the HQ in Dallas and the A20 Logistics Center in Arlington. The total value of their registered projects is $32,623,050. The project fits within the Dallas County labor market, where the unemployment rate was 3.3 percent in July 2026.

For context, the ZIP code 75238 has a population of about 33,439 according to U.S. Census ACS 2023 five-year estimates. The median household income is $75,498, and the median owner-occupied home value is $526,100. The housing stock is an even mix of owner- and renter-occupied units. These figures provide a demographic baseline for the area where this commercial renovation is taking place.